Originally Posted by
LGS6753
Precisely - the Government allowed pre-packs to exist = intervention.
Under a true capitalist system, bankrupt companies would go to the wall.
Which means that the 'gold standard' for capitalism, the USA, fails at about the same hurdle as the UK with their Chapter 11 bankruptcy rules.
My former employer refuse credit to any phoenix company that rose out of a pre-pack until the old debt was paid, and quite right too!